PKR plunges by over 14 paisa against USD

By MG News | August 22, 2024 at 04:32 PM GMT+05:00

0:00

August 22, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 14.51 paisa or 0.05% against the US dollar in Thursday's interbank session to settle the trade at PKR 278.67 per USD, compared to previous closing of 278.52.

Throughout the day, the currency saw an intraday high (bid) of 278.75 and a low (ask) of 278.55.

In the open market, exchange companies quoted the dollar at 279.08 for buying and 280.00 for selling.

In comparison to major currencies, PKR lost 1.05 rupees against the Euro, closing at 310.65 compared to the previous value of 309.59.

The British Pound became expensive by 2.5 rupees closing at 365.1 compared to 362.6 from a day ago.

The Swiss franc saw gains of 2.6 rupees, closing at 328.04 compared to 325.44 from the previous session.

Against the Japanese Yen, PKR lost 1.02 paisa, closing at 1.9165 versus 1.9063 a day ago.

The Chinese Yuan gained 3.1 paisa, closing at 39.06 against 39.03 from the previous session.

The Saudi Riyal closed at 74.27 with a gain of 3.87 paisa from its value of 74.23 a day ago.

The U.A.E Dirham increased in value by 4.06 paisa from 75.87 a day ago to 75.83.

During the current financial year, PKR has depreciated against the Dollar by 32.82 paisa or 0.12%. While the current calendar year has seen PKR appreciate by 3.19 rupees or 1.15%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates dropped by 63 bps to 17.69% and 17.94%.

This drop follows yesterday's auction, which saw a decline of up to 148 basis points, strengthening prospects for further monetary easing.

Performance Summary

Currency	Aug 22, 2024	Aug 21, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.6694	278.5243	-0.1451	-0.2622	-0.3282	3.1913	-0.05%	0.01%	-0.09%	0.03%	-0.12%	1.15%
EUR	310.6468	309.5936	-1.0532	-7.8512	-12.9608	0.8515	-0.34%	-1.21%	-2.53%	-2.97%	-4.17%	0.27%
GBP	365.0988	362.5968	-2.502	-5.4663	-13.178	-6.5016	-0.69%	-1.92%	-1.5%	-2%	-3.61%	-1.78%
CHF	328.0394	325.4359	-2.6035	-15.1345	-18.6338	7.0304	-0.79%	-1.88%	-4.61%	-3.56%	-5.68%	2.14%
JPY	1.9165	1.9063	-0.0102	-0.1308	-0.1867	0.073	-0.53%	-1.24%	-6.82%	-3.39%	-9.74%	3.81%
SAR	74.2683	74.2296	-0.0387	-0.0462	-0.0736	0.8945	-0.05%	0.01%	-0.06%	0.04%	-0.1%	1.2%
AED	75.8728	75.8322	-0.0406	-0.0735	-0.0924	0.8699	-0.05%	0.01%	-0.1%	0.02%	-0.12%	1.15%
CNY	39.0627	39.0317	-0.031	-0.7889	-0.7575	0.5687	-0.08%	-0.33%	-2.02%	-1.21%	-1.94%	1.46%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	276.835	307.1	30.265	-0.66%	10.2%	16-Oct-23	05-Sep-23	311	352
EUR	291.618	332.701	41.083	-6.13%	7.1%	16-Oct-23	31-Aug-23	311	357
GBP	337.032	387.972	50.9401	-7.69%	6.27%	16-Oct-23	31-Aug-23	311	357
CHF	306.458	347.163	40.7049	-6.58%	5.83%	13-Oct-23	31-Aug-23	314	357
JPY	1.851	2.1004	0.2494	-3.42%	9.6%	16-Oct-23	01-Sep-23	311	356
SAR	73.8029	81.8703	8.0674	-0.63%	10.24%	16-Oct-23	05-Sep-23	311	352
AED	75.3681	83.6089	8.2408	-0.67%	10.2%	16-Oct-23	05-Sep-23	311	352
CNY	37.8634	42.0637	4.2003	-3.07%	7.68%	16-Oct-23	01-Sep-23	311	356

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